Q4 and Full Year 2015 Earnings Conference Call

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Q4 and Full Year 2015 Earnings Conference Call"

Transcription

1 Q4 and Full Year 2015 Earnings Conference Call January 28, 2016

2 Forward-Looking Statements and Associated Risk Factors We make statements in this presentation regarding our outlook or expectations for earnings, revenues, expenses and/or other matters regarding or affecting us that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of Forward-looking statements are typically identified by words such as believe, expect, anticipated, intend, outlook, estimate, forecast, project, target, continue, positions, prospects, by future conditional verbs such as will, would, should, could, or may, or by variations of such words or by similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties which change over time. In addition to factors previously disclosed in reports filed with the Securities and Exchange Commission, the following factors, among others, could cause our actual results to differ materially from those contemplated by such forward-looking statements: the ability to effectively and efficiently integrate Hudson Valley Holding Corp. into Sterling Bancorp; fully realizing cost savings and other benefits; inflation; the effects of, and changes in, trade; changes in asset quality and credit risk; introduction, withdrawal, success and timing of business initiatives; capital management activities; customer disintermediation; and the success of Sterling Bancorp in managing those risks. Other factors that could cause Sterling Bancorp s actual results to differ from those indicated in forward-looking statements are included in the Risk Factors section of Sterling Bancorp s filings with the Securities and Exchange Commission. The forwardlooking statements speak only as of the date they are made and we undertake no obligation to update these forwardlooking statements to reflect events or circumstances that occur after the date on which such statements were made. Financial statement information contained in this presentation should be considered to be an estimate pending the filing with the Securities and Exchange Commission of the Company s Annual Report on Form 10-K for the year ended December 31, While the Company is not aware of any need to revise the results disclosed in this release, accounting literature may require information received by management between the date of this release and the filing of the Annual Report on Form 10-K to be reflected in the results of the period, even though the new information was received by management subsequent to the date of this presentation. PAGE 2

3 December 2015 Quarter Highlights Higher profitability, strong momentum across all operating metrics and continued investment for future growth Reported net income of $32.8 million and diluted EPS of $0.25; core net income of $33.5 million and diluted EPS of $0.26 (1) Total revenue (2) of $111.6 million Total gross loans of $7.9 billion; growth of $333.7 million or 17.6% annualized Q-o-Q Total deposits of $8.6 billion; average deposits of $8.8 billion and weighted average cost of 26 bps Positive momentum across all core operating and profitability ratios (1) NIM: 3.68%; core efficiency ratio: 47.6%; core ROATE: 14.6%; core ROATA: 1.22% Net charge-offs of $3.0 million representing 15 bps of average loans annualized Strong capital and liquidity position Integration of Hudson Valley Holding Corp. continues on target. Announced four new team hires and added capabilities across various business lines Declared dividend per share of $0.07 on January 26, 2016 (1) Excludes certain charges and gains. Refer to pages 13 through 18 for detail on core ratio calculations. (2) Total revenue is equal to net interest income plus non-interest income excluding securities gains and losses. Total revenue is a non-gaap measure. Refer to page 15 for a reconciliation to GAAP. PAGE 3

4 Summary of Quarterly Financial Performance ($ in millions, except per share data) Quarter Ended 12/31/2014 9/30/ /31/2015 Linked Q YOY Selected Balance Sheet Data: (1) Total Assets $7,425 $11,597 $11, % 61.0% Gross Loans Held for Investment 4,816 7,526 7, % 63.2% Securities 1,713 2,528 2, % 54.3% Core Deposits (2)(3) 4,656 8,136 7,823 (3.8%) 68.0% Tangible Equity (4) % 68.9% Selected Profitability Data: (1) Net Interest Income $60.2 $93.4 $95.4 $2.0 $35.2 Provision for Loan Losses Non-interest Income (Excluding Securities Gains) Non-interest Expense (13.9) 11.6 Net Income Securities Gains (0.1) (2.8) (0.1) Key Performance Measures: (1) Diluted Earnings per Share $0.20 $0.19 $0.25 $0.06 $0.05 Core Diluted Earnings per Share (4) Net Interest Margin (tax-equivalent basis) (5) 3.70% 3.76% 3.68% (8) bps (2) bps Non-interest Income to Total Revenue 18.9% 14.7% 14.5% (20) bps (440) bps Core Efficiency Ratio (4) 54.0% 49.0% 47.6% (140) bps (640) bps Core ROATA (4) 1.13% 1.21% 1.22% 1 bps 9 bps Core ROATE (4) 14.4% 14.3% 14.6% 30 bps 20 bps (1) See earnings release dated January 27, (2) Core deposits include retail, commercial and municipal transaction, money market and savings accounts and exclude certificates of deposit and brokered deposits except for reciprocal CDARs. (3) See page 8 for details on core deposits. (4) See pages 13 through 18 for a reconciliation of non-gaap financial measures. (5) Tax-equivalent adjustment represents interest income earned on municipal securities divided by the applicable Federal tax rate of 35%. PAGE 4

5 Reconciliation of GAAP Earnings to Core Earnings Quarter Ended Year Ended ($ in thousands, except per share data) 12/31/ /31/ /31/ /31/2015 Reported Diluted Earnings per Share $ 0.20 $ 0.25 $ 0.70 $ 0.60 Reported Net Income $ 17,004 $ 32,791 $ 58,684 $ 66,114 Net Income Adjustments: Net loss (gain) on sale of securities (1,243) (4,837) Merger-related expense ,079 Defined benefit pension plan termination charge 1,486 13,384 Charge for asset write-downs, banking systems conversion, retention and severance 2,493 6,595 29,046 Amortization of non-compete agreements ,350 3,526 (Gain) on sale of other real estate, redemption of TRUPs (1,637) Total Adjustments 3,897 1,082 11,441 58,198 Total Adjustments (after-tax) 2, ,979 39,284 Core Net Income 19,615 33,525 66, ,398 Core Diluted Earnings per Share $ 0.23 $ 0.26 $ 0.79 $ 0.96 Weighted average diluted shares outstanding 84,194, ,354,779 83,921, ,329,353 Core return on average tangible assets 1.13% 1.22% 1.00% 1.17% Core return on average tangible equity 14.4% 14.6% 12.9% 13.9% Core operating efficiency ratio 54.0% 47.6% 56.9% 50.8% Tangible book value per share $ 6.47 $ 7.05 $ 6.47 $ 7.05 Note: See pages 13 through 18 for a reconciliation of non-gaap financial measures. PAGE 5

6 Strong Loan Growth Across Commercial Asset Classes Annualized growth rate: 17.6% total portfolio loans; 20.4% total commercial loans (1) Diversified loan portfolio with 87.1% consisting of commercial asset classes Specialty finance (3) business lines Y-o-Y growth rate of 43.2% Loan Composition Loan Balances ($ in millions) ADC: 2.4% Consumer: 3.8% $8,000 $7,859 Resi Mtg: 9.1% $7,000 CRE: 34.8% C&I: 17.4% $6,000 $6,067 $5,000 $4,816 Multi-Family: 10.1% Total Loans: $7.9 B Yield on Loans: 4.65% (2) Specialty (3) Finance: 22.4% $4,000 $3,000 12/31/14 12/31/15 12/31/15 Organic Total w/ HVB Merger (1) Rates represent annualized growth rates for the period September 30, 2015 through December 31, (2) Represents loan portfolio yield for the three months ended December 31, (3) Includes asset-based lending, payroll finance, warehouse lending, factored receivables, and equipment finance loans. PAGE 6

7 Origination Capabilities Across Broad Asset Classes ($ in millions) Line of Business 12/31/2014 Commercial: 12/31/2015 Organic 12/31/15 HVB Merger YOY Growth Organic YOY Growth HVB Merger C&I $ 1,245 $ 1,419 $ 1, % 35.1 % Payroll Finance Warehouse Lending Factored Receivables Equipment Financing Total Commercial 2,146 2,797 3, Commercial Real Estate: Commercial Real Estate 1,458 2,012 2, Multi-Family ADC Total Commercial Real Estate 1,940 2,592 3, Consumer: Residential Mortgage (8.5) 34.5 Other Consumer (2.0) 50.0 Total Consumer ,013 (6.7) 38.8 Total Portfolio Loans $ 4,816 $ 6,070 $ 7, % 63.2% Note: Organic loan balances exclude the fair value of loans acquired from Hudson Valley. PAGE 7

8 Attractive Deposit Base 91.2% core deposits (1) with weighted average cost of 26 basis points (2) Retail and commercial: 76.1%; municipal: 13.3%; wholesale and other (3) : 10.6% Average demand, savings and MM deposits grew $122.8 million in Q Loans to deposits ratio of 91.6% as of 12/31/2015 Deposit Composition Average Core Deposit Balances (1) CDs 7.1% Noninterest bearing DDA 34.2% $10,000 $8,000 $8,053 $8,174 ($ in millions) MMDA 32.9% $6,000 $4,839 Savings 11.0% Interestbearing DDA 14.8% Total Deposits: $8.6B Total Cost of Deposits: 0.26% (2) $4,000 $2,000 12/31/14 9/30/15 12/31/15 (1) Core deposits include retail, commercial and municipal transaction, money market and savings accounts and exclude certificates of deposit and brokered deposits except for reciprocal CDARs. (2) Represents total cost of deposits for the three months ended December 31, (3) Wholesale and other deposits include one-way brokered deposits and certificate of deposit accounts. PAGE 8

9 Diversified Non-Interest Income Total fee income (1) of $16.2 million; growth of 15.7% over same quarter a year ago New products for 2016: swaps, cash management and loan syndications Non-Interest Income Composition (1) Accounts Receivable Management Fees (2) ($ in thousands) Accounts Receivable Mgmt 27.1% Mtg Banking 17.0% $18,000 $17,088 $16,000 $15,054 Other 13.2% Service Charges 26.2% $14,000 $12,000 BOLI 11.1% Wealth Mgmt 5.4% Total Fee Income Q4 2015: $16.2 M (1) % of Total Revenue: 14.5% $10,000 12/31/14 12/31/15 Full Year (1) Excludes net gains/(losses) on sale of securities. (2) Accounts receivable management fees represents fees generated in our factoring and payroll finance businesses which are typically based on a percentage of the factored sales volume and outsourcing support services provided to clients. PAGE 9

10 Continued Momentum in Core Operating Efficiency Gains Core Operating Efficiency Ratio Core Operating Expenses 60% 56.9% $230 ($ in millions) 56% 52% 48% 50.8% 47.6% $220 $210 $216.0 $ % $200 12/31/14 12/31/15 Q Q Annualized 2016 Target Full Year ($ in millions) $120 $100 $111.1 $113.3 Core Operating Leverage ($ in millions Revenue Growth = +2.0% Expense Decrease = -0.9% $80 $60 $40 $54.5 $ /30/15 12/31/15 09/30/15 12/31/15 Core Total Revenue Core Non-interest Expense Note: See pages 13 through 18 for a reconciliation of non-gaap financial measures. PAGE 10

11 Continued Strong Asset Quality Performance ($ in millions) As of or for the quarter ended Ratios and Balances 12/31/14 3/31/15 6/30/15 9/30/15 12/31/15 Non-performing loans to total loans 0.97% 0.94% 0.95% 0.90% 0.84% Net charge-offs to average loans 0.10% 0.13% 0.13% 0.09% 0.15% Allowance for loan losses to: Total loans 0.88% 0.87% 0.61% 0.63% 0.64% Allowance for loan losses to non-performing loans 90.8% 92.3% 64.2% 70.4% 75.5% Non-performing assets to total assets 0.71% 0.71% 0.68% 0.69% 0.68% Special Mention $31.3 $26.1 $65.4 $91.1 $68.0 Substandard / Doubtful Total Criticized / Classified Non-accrual and 90 days PAGE 11

12 December 2015 Summary Strong momentum in core earnings and profitability metrics Merger integration on-track Operating efficiencies continue to be realized Revenue growth opportunities are significant Continued investment in commercial banking, specialty finance, and fee-based businesses Focus on accelerating core deposit growth opportunities Strong capital and ample liquidity for organic growth Strong credit quality Execution is the key PAGE 12

13 Adjusted Information (non-gaap information) In this presentation, we have referred to adjusted results to help illustrate the impact of certain types of items, such as the following: The impact of merger-related expenses and charge for asset write-downs, retention and severance, settlement of pension plan, banking systems conversion and amortization of non-compete agreements to our net income. Our tangible equity (common stockholders equity, less intangible assets, other than servicing rights). The impact of securities gains and losses, non-taxable income, merger expenses, changes in intangible asset amortization, on our efficiency ratio (which is non-interest expense divided by total net revenue). These measures are used by management and the Board of Directors on a regular basis in addition to our GAAP results to facilitate the assessment of our financial performance and to assess of our performance compared to our budgets and strategic plans. These non-gaap financial measures complement our GAAP reporting and are presented below to provide investors, analysts, regulators and others information and reconciliations that we use to manage and evaluate our business each period. This information supplements our results as reported in accordance with GAAP, and should not be viewed in isolation from, or as a substitute for, our GAAP results. PAGE 13

14 Non-GAAP to GAAP Reconciliation ($ in thousands except share and per share data) As of or for the quarter ended 12/31/2014 3/31/2015 6/30/2015 9/30/ /31/2015 The following table shows the reconciliation of stockholders equity to tangible equity and the tangible equity ratio: Total assets $ 7,424,822 $ 7,727,515 $ 11,566,382 $ 11,597,393 $ 11,955,952 Goodwill and other intangibles (432,258) (452,698) (753,899) (751,529) (748,066) Tangible assets 6,992,564 7,274,817 10,812,483 10,845,864 11,207,886 Stockholders equity 975,200 1,080,543 1,623,110 1,652,204 1,665,073 Goodwill and other intangibles (432,258) (452,698) (753,899) (751,529) (748,066) Tangible stockholders equity $ 542,942 $ 627,845 $ 869,211 $ 900,675 $ 917,007 Common stock outstanding at period end 83,927,572 91,121, ,709, ,769, ,006,926 Tangible equity as % of tangible assets 7.76% 8.63% 8.04% 8.30% 8.18% Tangible book value per share $ 6.47 $ 6.89 $ 6.70 $ 6.94 $ 7.05 The following table shows the reconciliation of return on average tangible equity and core return on average tangible equity: Average stockholders equity $ 973,089 $ 1,031,809 $ 1,100,897 $ 1,639,458 $ 1,661,282 Average goodwill and other intangibles (433,396) (438,970) (455,320) (752,701) (750,334) Average tangible stockholders equity 539, , , , ,948 Net income (loss) 17,004 16,778 (7,646) 24,193 32,791 Net income (loss), if annualized 67,462 68,044 (30,668) 95, ,095 Return on average tangible equity 12.50% 11.48% (4.75)% % % Core net income (see reconciliation on page 15) $ 19,615 $ 18,501 $ 21,361 $ 32,035 $ 33,525 Annualized core net income 77,820 75,032 85, , ,007 Core return on average tangible equity 14.42% 12.66% 13.27% 14.33% % PAGE 14

15 Non-GAAP to GAAP Reconciliation ($ in thousands except share and per share data) As of or for the quarter ended 12/31/2014 3/31/2015 6/30/2015 9/30/ /31/2015 The following table shows the reconciliation of the core operating efficiency ratio: Net interest income $ 60,237 $ 58,867 $ 63,574 $ 93,354 $ 95,421 Non-interest income 13,957 14,010 13,857 18,802 16,081 Total net revenue 74,194 72,877 77, , ,502 Tax equivalent adjustment on securities interest income 1,546 1,544 1,562 1,707 1,692 Net (gain) loss on sale of securities 43 (1,534) (697) (2,726) 121 Core total revenue 75,783 72,887 78, , ,315 Non-interest expense 45,814 45,921 85,659 71,315 57,419 Merger-related expense (502) (2,455) (14,625) Charge for asset write-downs, banking systems conversion, retention, severance (2,493) (971) (28,055) Charge on benefit plan settlement (13,384) Amortization of intangible assets (1,873) (1,399) (1,780) (3,431) (3,431) Core non-interest expense 40,946 41,096 41,199 54,500 53,988 Core operating efficiency ratio 54.0% 56.4% 52.6% 49.0% 47.6% The following table shows the reconciliation of core net income and core earnings per share: Income (loss) before income tax expense $ 25,380 $ 24,856 $ (11,328) $ 35,841 $ 48,583 Income tax expense (benefit) 8,376 8,078 (3,682) 11,648 15,792 Net income (loss) 17,004 16,778 (7,646) 24,193 32,791 Net (gain) loss on sale of securities 43 (1,534) (697) (2,726) 121 Merger-related expense 502 2,455 14,625 Charge for asset write-downs, banking systems conversion, retention, severance 2, ,055 Charge on benefit plan settlement 13,384 Amortization of non-compete agreements Total charges 3,897 2,552 42,974 11,619 1,082 Income tax (benefit) (1,286) (829) (13,967) (3,777) (348) Total non-core charges net of taxes 2,611 1,723 29,007 7, Core net income $ 19,615 $ 18,501 $ 21,361 $ 32,035 $ 33,525 Weighted average diluted shares 84,194,916 88,252,768 91,950, ,192, ,354,779 Diluted EPS as reported $ 0.20 $ 0.19 $ (0.08) $ 0.19 $ 0.25 Core diluted EPS (excluding total charges) PAGE 15

16 Non-GAAP to GAAP Reconcilement ($ in thousands except share and per share data) For the quarter ended 12/31/2014 3/31/2015 6/30/2015 9/30/ /31/2015 The following table shows the reconciliation of return on tangible assets and core return on tangible assets: Average assets $ 7,340,332 $ 7,438,314 $ 8,049,220 $ 11,242,870 $ 11,622,621 Average goodwill and other intangibles (433,396) (438,970) (455,320) (752,701) (750,334) Average tangible assets 6,906,936 6,999,344 7,593,900 10,490,169 10,872,287 Net income (loss) 17,004 16,778 (7,646) 24,193 32,791 Net income (loss), if annualized 67,462 68,044 (30,668) 95, ,095 Return on average tangible assets 0.98% 0.97% (0.40)% 0.91% 1.20% Core net income (see reconciliation on page 15) $ 19,615 $ 18,501 $ 21,361 $ 32,035 $ 33,525 Annualized core net income 77,820 75,032 85, , ,007 Core return on average tangible assets 1.13% 1.07% 1.13 % 1.21% 1.22% For the year ended 12/31/ /31/2015 The following table shows the reconciliation of return on average tangible equity and core return on average tangible equity: Average stockholders equity $ 952,126 $ 1,360,858 Average goodwill and other intangibles (435,967) (600,605) Average tangible stockholders equity 516, ,253 Net income $ 58,684 $ 66,114 Return on average tangible equity 11.37% 8.70% Core net income (see reconciliation on page 18) $ 66,663 $ 105,398 Core return on average tangible equity 12.92% 13.86% PAGE 16

17 Non-GAAP to GAAP Reconcilement ($ in thousands except share and per share data) For the year ended 12/31/ /31/2015 The following table shows the reconciliation of return on tangible assets and core return on tangible assets: Average assets $ 7,090,442 $ 9,604,256 Average goodwill and other intangibles (435,967) (600,605) Average tangible assets 6,654,475 9,003,651 Net income 58,684 66,114 Return on average tangible assets 0.88% 0.73% Core net income (see reconciliation on page 17) $ 66,663 $ 105,398 Core return on average tangible assets 1.00% 1.17% The following table shows the reconciliation of the core operating efficiency ratio: Net interest income $ 232,349 $ 311,216 non-interest income 52,179 62,751 Total net revenues 284, ,967 Tax equivalent adjustment on securities 6,010 6,503 (Gain) on sale of securities (1,243) (4,837) Core total revenue 289, ,633 Non-interest expense 181, ,318 Merger-related expense (890) (17,079) Charge for asset write-downs, banking systems conversion, retention, severance (6,595) (29,046) Gain on sale of real estate and TRUPs redemption 1,637 Charge on benefit plan settlement (1,486) (13,384) Amortization of intangible assets (9,406) (10,041) Core non-interest expense 164, ,768 Core operating efficiency ratio 56.9% 50.8% PAGE 17

18 Non-GAAP to GAAP Reconcilement ($ in thousands except share and per share data) For the year ended 12/31/ /31/2015 The following table shows the reconciliation of core net income and core earnings per share: Income before income tax expense $ 84,160 $ 97,949 Income tax expense 25,476 31,835 Net income 58,684 66,114 Net (gain) on sale of securities (1,243) (4,837) Gain on sale of financial center and redemption of TRUPs ,079 Merger-related expense 6,595 29,046 Charge for asset write-downs, banking system conversion, retention and severance (1,637) Charge on benefit plan settlement 1,486 13,384 Amortization of non-compete agreements 5,350 3,526 Total charges (gains) 11,441 58,198 Income tax (benefit) (3,462) (18,914) Total non-core charges (gains) net of taxes 7,979 39,284 Core net income $ 66,663 $ 105,398 Weighted average diluted shares 83,921, ,329,353 Diluted EPS as reported $ 0.70 $ 0.60 Diluted EPS (excluding total charges) PAGE 18

19

State Bank Financial Corporation Reports Fourth Quarter and Full Year 2015 Financial Results

State Bank Financial Corporation Reports Fourth Quarter and Full Year 2015 Financial Results Investor Relations Contact: Jeremy Lucas 404.239.8626 / jeremy.lucas@statebt.com Fourth Quarter 2015 Highlights State Bank Financial Corporation Reports Fourth Quarter and Full Year 2015 Financial Results

More information

PULASKI FINANCIAL S SECOND FISCAL QUARTER EPS MORE THAN TRIPLES

PULASKI FINANCIAL S SECOND FISCAL QUARTER EPS MORE THAN TRIPLES PULASKI FINANCIAL S SECOND FISCAL QUARTER EPS MORE THAN TRIPLES Current Versus Prior Year Quarter Highlights Earnings growth - Diluted EPS $0.29 in 2013 versus $0.08 in 2012 - Annualized return on average

More information

PRESS RELEASE. Bar Harbor Bankshares Reports First Quarter Earnings

PRESS RELEASE. Bar Harbor Bankshares Reports First Quarter Earnings PRESS RELEASE For more information contact: Gerald Shencavitz EVP and Chief Financial Officer (207) 288-3314 FOR IMMEDIATE RELEASE Bar Harbor Bankshares Reports First Quarter Earnings BAR HARBOR, Maine

More information

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE FirstMerit Corporation Analysts: Thomas O Malley/Investor Relations Officer Phone: 330.384.7109 Media Contact: Robert Townsend/Media Relations Officer Phone: 330.384.7075 FirstMerit

More information

People s United Financial, Inc. (Exact name of registrant as specified in its charter)

People s United Financial, Inc. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

FIRST REPUBLIC REPORTS STRONG QUARTERLY RESULTS For the Quarter, Loans Increased 6%, Deposits 11% and Wealth Management Assets 5%

FIRST REPUBLIC REPORTS STRONG QUARTERLY RESULTS For the Quarter, Loans Increased 6%, Deposits 11% and Wealth Management Assets 5% Press Release FOR IMMEDIATE RELEASE FIRST REPUBLIC REPORTS STRONG QUARTERLY RESULTS For the Quarter, Loans Increased 6%, Deposits 11% and Wealth Management Assets 5% San Francisco, California, October

More information

A Sterling Combination KBW NY/NJ Bank Tour Investor Presentation. June 2013

A Sterling Combination KBW NY/NJ Bank Tour Investor Presentation. June 2013 A Sterling Combination KBW NY/NJ Bank Tour Investor Presentation June 2013 Forward Looking Statements The information presented herein contains forward looking statements within the meaning of the Private

More information

Two River Bancorp Reports Record Earnings for 2013

Two River Bancorp Reports Record Earnings for 2013 Two River Bancorp Reports Record Earnings for 2013 Net income to common shareholders increases 12.2% over 2012 Net interest margin remains strong at 3.84% for the year Core checking deposits increase $36.2

More information

Press Release FOR IMMEDIATE RELEASE

Press Release FOR IMMEDIATE RELEASE Press Release FOR IMMEDIATE RELEASE FIRST REPUBLIC BANK REPORTS STRONG FIRST QUARTER RESULTS Record First Quarter Loan Volume Will Initiate Cash Dividend in Second Half of 2012 San Francisco, California,

More information

FIRSTMERIT Corporation

FIRSTMERIT Corporation FIRSTMERIT Corporation First Quarter 2014 Earnings Conference Call Supplemental Information April 22, 2014 Forward-Looking Statements Disclosure This presentation may contain forward-looking statements

More information

Positive 4 th quarter solidifies profitable 2010 for Old National

Positive 4 th quarter solidifies profitable 2010 for Old National FOR IMMEDIATE RELEASE January 31, 2011 Contacts: Media: Kathy A. Schoettlin (812) 465-7269 Executive Vice President Communications Financial Community: Lynell J. Walton (812) 464-1366 Senior Vice President

More information

COMMERCE BANCSHARES, INC. ANNOUNCES FOURTH QUARTER EARNINGS PER COMMON SHARE OF $.63

COMMERCE BANCSHARES, INC. ANNOUNCES FOURTH QUARTER EARNINGS PER COMMON SHARE OF $.63 Exhibit 99.1 1000 Walnut Street / Suite 700 / Kansas City, Missouri 64106 / 816.234.2000 CBSH FOR IMMEDIATE RELEASE: Wednesday, January 20, 2016 COMMERCE BANCSHARES, INC. ANNOUNCES FOURTH QUARTER EARNINGS

More information

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE Exhibit 99.1 FOR IMMEDIATE RELEASE FirstMerit Corporation Analysts: Thomas O Malley/Investor Relations Officer Phone: 330.384.7109 Media Contact: Robert Townsend/Media Relations Officer Phone: 330.384.7075

More information

Press Release FOR IMMEDIATE RELEASE

Press Release FOR IMMEDIATE RELEASE Press Release FOR IMMEDIATE RELEASE FIRST REPUBLIC REPORTS STRONG SECOND QUARTER RESULTS Achieves Record Loan Volume; Declares Initial Cash Dividend San Francisco, California, July 18, 2012 First Republic

More information

QUAINT OAK BANCORP, INC. ANNOUNCES SECOND QUARTER EARNINGS

QUAINT OAK BANCORP, INC. ANNOUNCES SECOND QUARTER EARNINGS FOR RELEASE: Tuesday, July 28, 2015 at 4:30 PM (Eastern) QUAINT OAK BANCORP, INC. ANNOUNCES SECOND QUARTER EARNINGS Southampton, PA Quaint Oak Bancorp, Inc. (the Company ) (OTCQX: QNTO), the holding company

More information

2015 Fourth Quarter Earnings. January 28, 2016

2015 Fourth Quarter Earnings. January 28, 2016 2015 Fourth Quarter Earnings January 28, 2016 Safe Harbor Statement Forward-Looking Statements Information in this presentation contains forward-looking statements. Any statements about our expectations,

More information

Pacific Premier Bancorp, Inc. Announces Third Quarter 2015 Results (Unaudited)

Pacific Premier Bancorp, Inc. Announces Third Quarter 2015 Results (Unaudited) Pacific Premier Bancorp, Inc. Announces Third Quarter 2015 Results (Unaudited) Third Quarter 2015 Summary Net income of $7.8 million, or $0.36 per diluted share, an increase of 16% from prior year Net

More information

RAYMOND JAMES FINANCIAL REPORTS THIRD QUARTER FISCAL 2016 RESULTS

RAYMOND JAMES FINANCIAL REPORTS THIRD QUARTER FISCAL 2016 RESULTS July 20, FOR IMMEDIATE RELEASE Media Contact: Steve Hollister, 727.567.2824 Investor Contact: Paul Shoukry, 727.567.5133 raymondjames.com/media RAYMOND JAMES FINANCIAL REPORTS THIRD QUARTER FISCAL RESULTS

More information

NEWS RELEASE BNCCORP, INC. REPORTS THIRD QUARTER NET INCOME OF $1.9 MILLION, OR $0.40 PER DILUTED SHARE SERIES A PREFERRED STOCK TO BE REDEEMED

NEWS RELEASE BNCCORP, INC. REPORTS THIRD QUARTER NET INCOME OF $1.9 MILLION, OR $0.40 PER DILUTED SHARE SERIES A PREFERRED STOCK TO BE REDEEMED NEWS RELEASE FOR FURTHER INFORMATION: WEBSITE: www.bnccorp.com TIMOTHY J. FRANZ, CEO TELEPHONE: (612) 305-2213 DANIEL COLLINS, CFO TELEPHONE: (612) 305-2210 BNCCORP, INC. REPORTS THIRD QUARTER NET INCOME

More information

FIRST REPUBLIC REPORTS STRONG QUARTERLY EARNINGS Wealth Management Assets up 8.6% for the Quarter; Cash Dividend Increased

FIRST REPUBLIC REPORTS STRONG QUARTERLY EARNINGS Wealth Management Assets up 8.6% for the Quarter; Cash Dividend Increased PRESS RELEASE IMMEDIATE RELEASE FIRST REPUBLIC REPORTS STRONG QUARTERLY EARNINGS Wealth Management Assets up 8.6% for the Quarter; Cash Dividend Increased San Francisco, California, April 16, 2014 First

More information

Northwest Bancshares, Inc. Announces Quarterly Earnings and Dividend Declaration

Northwest Bancshares, Inc. Announces Quarterly Earnings and Dividend Declaration EARNINGS RELEASE FOR IMMEDIATE RELEASE Contact: William J. Wagner, President and Chief Executive Officer (814) 726-2140 William W. Harvey, Jr., Executive Vice President and Chief Financial Officer (814)

More information

First Quarter 2007 Earnings Review. Conference Call

First Quarter 2007 Earnings Review. Conference Call First Quarter 2007 Earnings Review Conference Call Certain comments made in the course of People's United Financial's review of its financial results are forward-looking in nature. These include all statements

More information

October 21, 2015 MEDIA & INVESTOR CONTACT Heather Worley, 214.932.6646 heather.worley@texascapitalbank.com

October 21, 2015 MEDIA & INVESTOR CONTACT Heather Worley, 214.932.6646 heather.worley@texascapitalbank.com October 21, 2015 MEDIA & INVESTOR CONTACT Heather Worley, 214.932.6646 heather.worley@texascapitalbank.com TEXAS CAPITAL BANCSHARES, INC. ANNOUNCES OPERATING RESULTS FOR Q3 2015 DALLAS - October 21, 2015

More information

FIRSTMERIT Corporation

FIRSTMERIT Corporation FIRSTMERIT Corporation First Quarter 2013 Earnings Conference Call Supplemental Information April 23, 2013 Forward-Looking Statements Disclosure This presentation may contain forward-looking statements

More information

FIRST BANKS, INC. ST. LOUIS, MISSOURI NEWS RELEASE FOR IMMEDIATE RELEASE: First Banks, Inc. Announces First Quarter 2014 Results

FIRST BANKS, INC. ST. LOUIS, MISSOURI NEWS RELEASE FOR IMMEDIATE RELEASE: First Banks, Inc. Announces First Quarter 2014 Results FIRST BANKS, INC. ST. LOUIS, MISSOURI NEWS RELEASE Contacts: Terrance M. McCarthy Lisa K. Vansickle President and Executive Vice President and Chief Executive Officer Chief Financial Officer First Banks,

More information

The first quarter was highlighted by:

The first quarter was highlighted by: Mercantile Bank Corporation Reports Strong First Quarter 2013 Results Diluted earnings per share increased 79 percent Continued asset quality improvement and outlook remains positive GRAND RAPIDS, Mich.,

More information

Press Release FOR IMMEDIATE RELEASE

Press Release FOR IMMEDIATE RELEASE Press Release FOR IMMEDIATE RELEASE FIRST REPUBLIC BANK REPORTS SOLID FOURTH QUARTER RESULTS San Francisco, California, January 27, 2011 First Republic Bank ( First Republic ) (NYSE:FRC) today announced

More information

RAYMOND JAMES FINANCIAL REPORTS RECORD REVENUES AND EARNINGS FOR THE FISCAL 4TH QUARTER AND FISCAL YEAR 2014

RAYMOND JAMES FINANCIAL REPORTS RECORD REVENUES AND EARNINGS FOR THE FISCAL 4TH QUARTER AND FISCAL YEAR 2014 October 29, FOR IMMEDIATE RELEASE Media Contact: Steve Hollister, 727.567.2824 Investor Contact: Paul Shoukry, 727.567.5133 raymondjames.com/media RAYMOND JAMES FINANCIAL REPORTS RECORD REVENUES AND EARNINGS

More information

People s United Financial, Inc.

People s United Financial, Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

January 25, 2016 (573) 778-1800

January 25, 2016 (573) 778-1800 FOR IMMEDIATE RELEASE Contact: Matt Funke, CFO January 25, 2016 (573) 778-1800 SOUTHERN MISSOURI BANCORP REPORTS PRELIMINARY SECOND QUARTER RESULTS, DECLARES QUARTERLY DIVIDEND OF $0.09 PER COMMON SHARE,

More information

PRESS RELEASE FOR IMMEDIATE RELEASE

PRESS RELEASE FOR IMMEDIATE RELEASE PRESS RELEASE FOR IMMEDIATE RELEASE FIRST REPUBLIC REPORTS STRONG SECOND QUARTER RESULTS Revenues Year-Over-Year Increased 17.5% San Francisco, California, July 14, First Republic Bank (NYSE: FRC) today

More information

PRESS RELEASE FOR IMMEDIATE RELEASE

PRESS RELEASE FOR IMMEDIATE RELEASE PRESS RELEASE FOR IMMEDIATE RELEASE FIRST REPUBLIC REPORTS STRONG FIRST QUARTER RESULTS Year-Over-Year Core Revenues Up 13% and Wealth Management Revenues Up 22% Quarterly Dividend Increased to $0.15 per

More information

Press Release FOR IMMEDIATE RELEASE

Press Release FOR IMMEDIATE RELEASE Press Release FOR IMMEDIATE RELEASE FIRST REPUBLIC REPORTS STRONG LOAN GROWTH AND SOLID EARNINGS San Francisco, California, July 20, 2011 First Republic Bank ( First Republic ) (NYSE: FRC) today announced

More information

Riverview Bancorp Earns $1.6 Million In First Fiscal Quarter Highlighted by Continued Credit Quality Improvements

Riverview Bancorp Earns $1.6 Million In First Fiscal Quarter Highlighted by Continued Credit Quality Improvements Contacts: Pat Sheaffer or Ron Wysaske, Riverview Bancorp, Inc. 360-693-6650 Riverview Bancorp Earns $1.6 Million In First Fiscal Quarter Highlighted by Continued Credit Quality Improvements Vancouver,

More information

VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES THIRD QUARTER FINANCIAL RESULTS

VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES THIRD QUARTER FINANCIAL RESULTS FOR IMMEDIATE RELEASE VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES THIRD QUARTER FINANCIAL RESULTS Charlottesville, VA November 4, 2015 Virginia National Bankshares Corporation (OTCQX: VABK) (the

More information

Territorial Bancorp Inc. Announces 2015 Results

Territorial Bancorp Inc. Announces 2015 Results PRESS RELEASE FOR IMMEDIATE RELEASE Contact: Walter Ida (808) 946-1400 Territorial Bancorp Inc. Announces 2015 Results Fully diluted earnings per share for the three months ended December 31, 2015 rose

More information

N E W S R E L E A S E

N E W S R E L E A S E N E W S R E L E A S E FOR IMMEDIATE RELEASE Contact: Steven E. Nielsen, President and CEO H. Andrew DeFerrari, Senior Vice President and CFO (561) 627-7171 DYCOM INDUSTRIES, INC. ANNOUNCES FISCAL 2016

More information

Arrow Reports Solid First Quarter Operating Results and Strong Asset Quality Ratios

Arrow Reports Solid First Quarter Operating Results and Strong Asset Quality Ratios 250 Glen Street Glens Falls, NY Contact: Timothy C. Badger Tel: (518)745-1000 Fax: (518)745-1976 TO: All Media DATE: Tuesday, April 19, 2011 Arrow Reports Solid First Quarter Operating Results and Strong

More information

Territorial Bancorp Inc. Announces Second Quarter 2015 Results

Territorial Bancorp Inc. Announces Second Quarter 2015 Results PRESS RELEASE FOR IMMEDIATE RELEASE Contact: Walter Ida (808) 946-1400 Territorial Bancorp Inc. Announces Second Quarter 2015 Results Earnings per share for the three months ended June 30, 2015 rose to

More information

Citizens Financial Group, Inc. Reports First Quarter Net Income of $223 Million Diluted EPS of $0.41 up 8% vs. 1Q15

Citizens Financial Group, Inc. Reports First Quarter Net Income of $223 Million Diluted EPS of $0.41 up 8% vs. 1Q15 Reports First Quarter Net Income of $223 Million Diluted EPS of $0.41 up 8% vs. 1Q15 Positive operating leverage of 3% on a year-over-year Adjusted basis* Good traction continues on strategic growth and

More information

Ally Financial Inc. Auto Securitization - Corporate Overview

Ally Financial Inc. Auto Securitization - Corporate Overview Ally Financial Inc. Auto Securitization - Corporate Overview 3Q 2015 Contact Ally Investor Relations at (866) 710-4623 or investor.relations@ally.com Forward-Looking Statements and Additional Information

More information

April 25, 2016 (573) 778-1800

April 25, 2016 (573) 778-1800 FOR IMMEDIATE RELEASE Contact: Matt Funke, CFO April 25, 2016 (573) 778-1800 SOUTHERN MISSOURI BANCORP REPORTS PRELIMINARY THIRD QUARTER RESULTS, DECLARES QUARTERLY DIVIDEND OF $0.09 PER COMMON SHARE,

More information

Southern National Bancorp of Virginia Inc. Reports Earnings of $2.5 Million for the Third Quarter and $7.0 Million for the First Nine Months of 2015

Southern National Bancorp of Virginia Inc. Reports Earnings of $2.5 Million for the Third Quarter and $7.0 Million for the First Nine Months of 2015 October 22, 2015 Southern National Bancorp of Virginia Inc. Reports Earnings of $2.5 Million for the Third Quarter and $7.0 Million for the First Nine Months of 2015 Board Declares a Regular Dividend of

More information

QNB CORP. REPORTS SECOND QUARTER AND FIRST HALF EARNINGS

QNB CORP. REPORTS SECOND QUARTER AND FIRST HALF EARNINGS PO Box 9005 Quakertown PA 18951-9005 215.538.5600 1.800.491.9070 www.qnbbank.com FOR IMMEDIATE RELEASE QNB CORP. REPORTS SECOND QUARTER AND FIRST HALF EARNINGS QUAKERTOWN, PA (July 28, 2015) QNB Corp.

More information

Press Release FOR IMMEDIATE RELEASE

Press Release FOR IMMEDIATE RELEASE Press Release FOR IMMEDIATE RELEASE FIRST REPUBLIC REPORTS STRONG FIRST QUARTER RESULTS San Francisco, California, April 20, 2011 First Republic Bank ( First Republic ) (NYSE: FRC) today announced financial

More information

United Community Banks, Inc. Reports Net Operating Income of $23.9 Million for First Quarter 2016, up 36 Percent From a Year Ago

United Community Banks, Inc. Reports Net Operating Income of $23.9 Million for First Quarter 2016, up 36 Percent From a Year Ago April 27, 2016 United Community Banks, Inc. Reports Net Operating Income of $23.9 Million for First Quarter 2016, up 36 Percent From a Year Ago Operating earnings per diluted share of 33 cents, up 14 percent

More information

CUSTOMERS BANCORP REPORTS RECORD NET INCOME FOR FULL YEAR AND FOURTH QUARTER 2015

CUSTOMERS BANCORP REPORTS RECORD NET INCOME FOR FULL YEAR AND FOURTH QUARTER 2015 Customers Bancorp 1015 Penn Avenue Wyomissing, PA 19610 Contacts: Jay Sidhu, Chairman & CEO 610-935-8693 Richard Ehst, President & COO 610-917-3263 Investor Contact: Robert Wahlman, CFO 610-743-8074 CUSTOMERS

More information

U.S. Bancorp 1Q16 Earnings Conference Call

U.S. Bancorp 1Q16 Earnings Conference Call U.S. Bancorp 1Q16 Earnings Conference Call Richard K. Davis Chairman and CEO Kathy Rogers Vice Chairman and CFO April 2, 216 Forward-looking Statements and Additional Information The following information

More information

First Financial Bancorp

First Financial Bancorp First Financial Bancorp Accounting and Financial Reporting Matters Related to Acquired Loans February 4, 2011 Another step on the path to success 1 Forward-Looking Statement Disclosure Certain statements

More information

Valley National Bancorp to Acquire CNLBancshares, Inc.

Valley National Bancorp to Acquire CNLBancshares, Inc. Valley National Bancorp to Acquire CNLBancshares, Inc. Expanding Our Florida Presence Forward Looking Statements The foregoing contains forward-looking statements within the meaning of the Private Securities

More information

A P R I L 2 0, 2005 FINANCIAL RESULTS. First Quarter 2005

A P R I L 2 0, 2005 FINANCIAL RESULTS. First Quarter 2005 A P R I L 2 0, 2005 FINANCIAL RESULTS First Quarter 2005 First Quarter 2005 Earnings Most businesses show good momentum over the last year IB revenues near record levels of 1Q04 with strength in trading

More information

Contact: R. Roderick Porter, President Phone: 202-464-1130 ext. 2406 Southern National Bancorp, NASDAQ Symbol SONA Website: www.sonabank.

Contact: R. Roderick Porter, President Phone: 202-464-1130 ext. 2406 Southern National Bancorp, NASDAQ Symbol SONA Website: www.sonabank. Contact: R. Roderick Porter, President Phone: 202-464-1130 ext. 2406 Southern National Bancorp, NASDAQ Symbol SONA Website: www.sonabank.com Southern National Bancorp of Virginia Inc. reports earnings

More information

FOR IMMEDIATE RELEASE Contact: Alan D. Eskow Senior Executive Vice President and Chief Financial Officer 973-305-4003

FOR IMMEDIATE RELEASE Contact: Alan D. Eskow Senior Executive Vice President and Chief Financial Officer 973-305-4003 News Release FOR IMMEDIATE RELEASE Contact: Alan D. Eskow Senior Executive Vice President and Chief Financial Officer 973-305-4003 VALLEY NATIONAL BANCORP REPORTS HIGHER NET INTEREST INCOME AND MARGIN

More information

ADP REPORTS FOURTH QUARTER AND FISCAL 2011 RESULTS; PROVIDES FISCAL 2012 GUIDANCE

ADP REPORTS FOURTH QUARTER AND FISCAL 2011 RESULTS; PROVIDES FISCAL 2012 GUIDANCE FOR IMMEDIATE RELEASE ADP REPORTS FOURTH QUARTER AND FISCAL 2011 RESULTS; PROVIDES FISCAL 2012 GUIDANCE For the Year, Revenues Rise 11%, 6% Organic; EPS from Continuing Operations up 6% (excluding certain

More information

FIRST CITIZENS COMMUNITY BANK 570-662-0422 15 S. MAIN STREET 570-662-8512 (FAX) MANSFIELD, PA 16933 CONTACT: KATHLEEN CAMPBELL, MARKETING DIRECTOR

FIRST CITIZENS COMMUNITY BANK 570-662-0422 15 S. MAIN STREET 570-662-8512 (FAX) MANSFIELD, PA 16933 CONTACT: KATHLEEN CAMPBELL, MARKETING DIRECTOR CONTACT: KATHLEEN CAMPBELL, MARKETING DIRECTOR FIRST CITIZENS COMMUNITY BANK 570-662-0422 15 S. MAIN STREET 570-662-8512 (FAX) MANSFIELD, PA 16933 CITIZENS FINANCIAL SERVICES, INC. REPORTS FOURTH QUARTER

More information

ASSOCIATED BANC-CORP INVESTOR PRESENTATION THIRD QUARTER 2015

ASSOCIATED BANC-CORP INVESTOR PRESENTATION THIRD QUARTER 2015 ASSOCIATED BANC-CORP INVESTOR PRESENTATION THIRD QUARTER 205 FORWARD-LOOKING STATEMENTS Important note regarding forward-looking statements: Statements made in this presentation which are not purely historical

More information

Contacts: Investor Relations Evan Black & Kristina Carbonneau 800.493.8219 InvestorRelations@santanderconsumerusa.com

Contacts: Investor Relations Evan Black & Kristina Carbonneau 800.493.8219 InvestorRelations@santanderconsumerusa.com Contacts: Investor Relations Evan Black & Kristina Carbonneau 800.493.8219 InvestorRelations@santanderconsumerusa.com Media Relations Laurie Kight 214.801.6455 LKight@santanderconsumerusa.com Santander

More information

HP Q4 FY15 Earnings Announcement

HP Q4 FY15 Earnings Announcement HP Q4 FY15 Earnings Announcement November 24, 2015 http://www.hp.com/investor/home Forward-looking statements This presentation contains forward-looking statements that involve risks, uncertainties and

More information

INFORMATION SERVICES GROUP ANNOUNCES SECOND QUARTER FINANCIAL RESULTS

INFORMATION SERVICES GROUP ANNOUNCES SECOND QUARTER FINANCIAL RESULTS Press Contact: Barry Holt 203-517-3110 bholt@informationsg.com Investor Contact: David Berger 203-517-3104 dberger@informationsg.com INFORMATION SERVICES GROUP ANNOUNCES SECOND QUARTER FINANCIAL RESULTS

More information

CB Richard Ellis Group, Inc. Investor Presentation

CB Richard Ellis Group, Inc. Investor Presentation CB Richard Ellis Group, Inc. Investor Presentation February 2009 Forward Looking Statements This presentation contains statements that are forward looking within the meaning of the Private Securities Litigation

More information

W. R. Berkley Corporation Reports Record Net Income of $545 Million for 2005; Fourth Quarter 2005 Net Income Up 44% to $167 Million

W. R. Berkley Corporation Reports Record Net Income of $545 Million for 2005; Fourth Quarter 2005 Net Income Up 44% to $167 Million W. R. Berkley Corporation Reports Record Net Income of $545 Million for 2005; Fourth Quarter 2005 Net Income Up 44% to $167 Million GREENWICH, Conn.--(BUSINESS WIRE)--Feb. 13, 2006--W. R. Berkley Corporation

More information

WSFS Bank Center 500 Delaware Avenue, Wilmington, Delaware 19801

WSFS Bank Center 500 Delaware Avenue, Wilmington, Delaware 19801 1 FOR IMMEDIATE RELEASE October 29, 2015 Investor Relations Contact: Rodger Levenson (302) 571-7296 rlevenson@wsfsbank.com Media Contact: Cortney Klein (302) 571-5253 cklein@wsfsbank.com WSFS REPORTS 3Q

More information

Numerex Reports First Quarter 2015 Financial Results

Numerex Reports First Quarter 2015 Financial Results May 11, 2015 Numerex Reports First Quarter 2015 Financial Results ATLANTA, May 11, 2015 (GLOBE NEWSWIRE) -- Numerex Corp (Nasdaq:NMRX), a leading provider of on-demand and interactive machine-to-machine

More information

MORGAN STANLEY Financial Supplement - 3Q2004 Table of Contents

MORGAN STANLEY Financial Supplement - 3Q2004 Table of Contents Financial Supplement - 3Q2004 Table of Contents Page # 1. Financial Summary 2. Quarterly Consolidated Income Statement 3. Quarterly Total Company Financial Information and Statistical Data 4. Quarterly

More information

Pacific Premier Bancorp, Inc. Announces Fourth Quarter 2015 Results (Unaudited)

Pacific Premier Bancorp, Inc. Announces Fourth Quarter 2015 Results (Unaudited) Exhibit 99.1 Fourth Quarter 2015 Summary Pacific Premier Bancorp, Inc. Announces Fourth Quarter 2015 Results (Unaudited) Net income of $8.1 million, or $0.37 per diluted share, an increase of 61% from

More information

Performance Food Group Company Reports First-Quarter Fiscal 2016 Earnings

Performance Food Group Company Reports First-Quarter Fiscal 2016 Earnings NEWS RELEASE For Immediate Release November 4, 2015 Investors: Michael D. Neese VP, Investor Relations (804) 287-8126 michael.neese@pfgc.com Media: Joe Vagi Manager, Corporate Communications (804) 484-7737

More information

SunTrust Banks, Inc. 1Q 2012 Earnings Presentation. April 23, 2012

SunTrust Banks, Inc. 1Q 2012 Earnings Presentation. April 23, 2012 SunTrust Banks, Inc. 1Q 2012 Earnings Presentation April 23, 2012 Important Cautionary Statement The following should be read in conjunction with the financial statements, notes and other information contained

More information

***FOR IMMEDIATE RELEASE***

***FOR IMMEDIATE RELEASE*** ***FOR IMMEDIATE RELEASE*** For: ZIONS BANCORPORATION Contact: James Abbott One South Main, 15th Floor Tel: (801) 524-4787 Salt Lake City, Utah Harris H. Simmons Chairman/Chief Executive Officer ZIONS

More information

Thomas A. Bessant, Jr. (817) 335-1100

Thomas A. Bessant, Jr. (817) 335-1100 Additional Information: Thomas A. Bessant, Jr. (817) 335-1100 For Immediate Release ********************************************************************************** CASH AMERICA FIRST QUARTER NET INCOME

More information

Contact: Mike Majors 3700 S. Stonebridge Drive NYSE Symbol: TMK McKinney, Texas 75070

Contact: Mike Majors 3700 S. Stonebridge Drive NYSE Symbol: TMK McKinney, Texas 75070 News Release Contact: Mike Majors 3700 S. Stonebridge Drive NYSE Symbol: TMK 972-569-3627 McKinney, Texas 75070 TORCHMARK CORPORATION REPORTS SECOND QUARTER 2011 RESULTS McKinney, TX, July 27 2011 Torchmark

More information

Senior Executive Vice President and Chief Financial Officer 973-305-4003

Senior Executive Vice President and Chief Financial Officer 973-305-4003 News Release FOR IMMEDIATE RELEASE Contact: Alan D. Eskow Senior Executive Vice President and Chief Financial Officer 973-305-4003 VALLEY NATIONAL BANCORP REPORTS FIRST QUARTER EARNINGS, SOLID ASSET QUALITY

More information

Contact: Mike Majors 3700 S. Stonebridge Drive NYSE Symbol: TMK McKinney, Texas 75070

Contact: Mike Majors 3700 S. Stonebridge Drive NYSE Symbol: TMK McKinney, Texas 75070 News Release Contact: Mike Majors 3700 S. Stonebridge Drive NYSE Symbol: TMK 972-569-3627 McKinney, Texas 75070 TORCHMARK CORPORATION REPORTS SECOND QUARTER 2012 RESULTS McKinney, TX, July 25, 2012 Torchmark

More information

HP Inc. Reports Hewlett-Packard Company Fiscal 2015 Full-Year and Fourth Quarter Results

HP Inc. Reports Hewlett-Packard Company Fiscal 2015 Full-Year and Fourth Quarter Results HP Inc. 1501 Page Mill Road Palo Alto, CA 94304 hp.com News Release HP Inc. Reports Hewlett-Packard Company Fiscal 2015 Full-Year and Fourth Quarter Results Editorial contacts HP Inc. Media Relations MediaRelations@hp.com

More information

TD Bank Group Provides Supplementary Disclosures Related to Fiscal 2011 IFRS Results and Segment Change

TD Bank Group Provides Supplementary Disclosures Related to Fiscal 2011 IFRS Results and Segment Change TD Bank Group Provides Supplementary Disclosures Related to Fiscal IFRS Results and Segment Change TORONTO (January 26, 202) TD Bank Group (TD or the Bank) (TSX and NYSE: TD) today released a supplemental

More information

Three Months Ended March 31, 2015 Revenues $ 15,420 $ 17,258 Increase in revenues year over year 19% 12%

Three Months Ended March 31, 2015 Revenues $ 15,420 $ 17,258 Increase in revenues year over year 19% 12% Exhibit 99.1 Google Inc. Announces First Quarter 2015 Results MOUNTAIN VIEW, Calif. April 23, 2015 - Google Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended. Google s

More information

Equifax Reports Fourth Quarter and Full Year 2008 Results; Provides First Quarter 2009 Guidance

Equifax Reports Fourth Quarter and Full Year 2008 Results; Provides First Quarter 2009 Guidance 1550 Peachtree Street, N.W. Atlanta, Georgia 30309 NEWS RELEASE Contact: Jeff Dodge Tim Klein Investor Relations Media Relations (404) 885-8804 (404) 885-8555 jeff.dodge@equifax.com tim.klein@equifax.com

More information

Coastal Banking Company Reports Fourth Quarter and Full Year 2011 Results

Coastal Banking Company Reports Fourth Quarter and Full Year 2011 Results For Immediate Release For More Information: Michael G. Sanchez Andy Mus Chief Executive Officer Senior Vice President Coastal Banking Company Inc. Marsh Communications LLC 904-321-0400 770-621-2700 Coastal

More information

ebay Inc. generated $738.2 million of operating cash flow during the third quarter. Free cash flow during the quarter was $563.5 million.

ebay Inc. generated $738.2 million of operating cash flow during the third quarter. Free cash flow during the quarter was $563.5 million. ebay INC. REPORTS THIRD QUARTER 2009 RESULTS San Jose, Calif., October 21, 2009 ebay Inc. (Nasdaq: EBAY) today reported financial results for the third quarter ended September 30, 2009. The e-commerce

More information

Waste Management Announces Second Quarter Earnings

Waste Management Announces Second Quarter Earnings FOR IMMEDIATE RELEASE Waste Management Announces Second Quarter Earnings Collection and Disposal Income from Operations Grows 3.4% HOUSTON July 26, 2012 Waste Management, Inc. (NYSE: WM) today announced

More information

NEWS FROM BANK MUTUAL CORPORATION (EMBARGOED UNTIL 3:15 P.M. CENTRAL)

NEWS FROM BANK MUTUAL CORPORATION (EMBARGOED UNTIL 3:15 P.M. CENTRAL) NEWS FROM BANK MUTUAL CORPORATION (EMBARGOED UNTIL 3:15 P.M. CENTRAL) CONTACTS: Bank Mutual Corporation David A. Baumgarten President and Chief Executive Officer or Michael W. Dosland Senior Vice President

More information

PAYCHEX, INC. REPORTS FOURTH QUARTER AND FISCAL 2013 RESULTS

PAYCHEX, INC. REPORTS FOURTH QUARTER AND FISCAL 2013 RESULTS PAYCHEX, INC. REPORTS FOURTH QUARTER AND FISCAL 2013 RESULTS June 26, 2013 HIGHLIGHTS Total service revenue increased 6% for the fourth quarter; 5% for fiscal 2013. Payroll service revenue increased 4%

More information

FEDERAL DEPOSIT INSURANCE CORPORATION Washington, DC 20429 FORM 8-K

FEDERAL DEPOSIT INSURANCE CORPORATION Washington, DC 20429 FORM 8-K FEDERAL DEPOSIT INSURANCE CORPORATION Washington, DC 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported)

More information

TIFEL INANCIAL. 3rd Quarter 2009 Earnings Conference Call. November 9, 2009

TIFEL INANCIAL. 3rd Quarter 2009 Earnings Conference Call. November 9, 2009 TIFEL INANCIAL 3rd Quarter 2009 Earnings Conference Call November 9, 2009 Forward-Looking Statements This presentation may contain forward-looking statements within the meaning of the Private Securities

More information

CUSTOMERS BANCORP REPORTS RECORD NET INCOME FOR FULL YEAR 2013 AND Q4 2013

CUSTOMERS BANCORP REPORTS RECORD NET INCOME FOR FULL YEAR 2013 AND Q4 2013 Customers Bancorp 1015 Penn Avenue Wyomissing, PA 19610 Contacts: Jay Sidhu, Chairman & CEO 610-935-8693 Richard Ehst, President & COO 610-917-3263 Investor Contact: Robert Wahlman, CFO 610-743-8074 CUSTOMERS

More information

Paragon Bank Reports 117% Year-Over-Year Increase in Earnings for Third Quarter of 2015

Paragon Bank Reports 117% Year-Over-Year Increase in Earnings for Third Quarter of 2015 Media Contacts: Amanda Romano Kate Feldhouse MMI Public Relations Marketing & Public Relations (919) 233-6600 Specialist jake@mmipublicrelations.com 919.534.7462 http://www.mmipublicrelations.com kfeldhouse@paragonbank.com

More information

BALANCE SHEET HIGHLIGHTS

BALANCE SHEET HIGHLIGHTS Home Capital Reports Q1 Earnings: Diluted Earnings per Share of $0.92; adjusted diluted earnings per share of $0.96 Dividend of $0.24 per common share. Toronto, May 4, 2016 - Home Capital today reported

More information

For immediate release Thursday, July 23, 2015

For immediate release Thursday, July 23, 2015 Contact: R. Roderick Porter, President Phone: 202-464-1130 ext. 2406 Fax: 202-464-1134 Southern National Bancorp of Virginia Inc. NASDAQ Symbol SONA Website: www.sonabank.com Southern National Bancorp

More information

PRESS RELEASE VALLEY COMMERCE BANCORP REPORTS RECORD EARNINGS FOR 2015

PRESS RELEASE VALLEY COMMERCE BANCORP REPORTS RECORD EARNINGS FOR 2015 PRESS RELEASE Contact: Roy Estridge, EVP/COO/CFO Valley Commerce Bancorp (559) 622-9000 VALLEY COMMERCE BANCORP REPORTS RECORD EARNINGS FOR 2015 VISALIA, California, January 15, 2016 Valley Commerce Bancorp,

More information

Quarterly Financial Supplement - 1Q 2016

Quarterly Financial Supplement - 1Q 2016 Quarterly Financial Supplement - 1Q 2016 Page # Consolidated Financial Summary... 1 Consolidated Income Statement Information... 2 Consolidated Financial Information and Statistical Data... 3 Consolidated

More information

4th QUARTER FY 2016 EARNINGS PRESENTATION

4th QUARTER FY 2016 EARNINGS PRESENTATION 4th QUARTER FY 2016 EARNINGS PRESENTATION 1 Forward-Looking Statements All written or oral statements made by CSC at this meeting or in these presentation materials that do not directly and exclusively

More information

PAYCHEX, INC. REPORTS SECOND QUARTER RESULTS

PAYCHEX, INC. REPORTS SECOND QUARTER RESULTS PAYCHEX, INC. REPORTS SECOND QUARTER RESULTS December 19, 2014 SECOND QUARTER FISCAL 2015 HIGHLIGHTS Total service revenue increased 10% to $665.9 million. Payroll service revenue increased 4% to $411.2

More information

PAYCHEX, INC. REPORTS THIRD QUARTER RESULTS

PAYCHEX, INC. REPORTS THIRD QUARTER RESULTS PAYCHEX, INC. REPORTS THIRD QUARTER RESULTS March 26, 2014 THIRD QUARTER FISCAL 2014 HIGHLIGHTS Total service revenue increased 7% to $626.0 million. Payroll service revenue increased 5% to $413.9 million.

More information

FIRST AMERICAN FINANCIAL REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR OF 2011

FIRST AMERICAN FINANCIAL REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR OF 2011 NEWS FOR IMMEDIATE RELEASE FIRST AMERICAN FINANCIAL REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR OF 2011 Reports Earnings of 38 Cents per Diluted Share for the Fourth Quarter Increases Quarterly

More information

TCF Reports Quarterly Net Income of $23.6 Million, or 15 Cents Per Share

TCF Reports Quarterly Net Income of $23.6 Million, or 15 Cents Per Share NEWS RELEASE CONTACT: Jason Korstange (952) 745-2755 tcfbank.com FOR IMMEDIATE RELEASE TCF FINANCIAL CORPORATION 200 Lake Street East, Wayzata, MN 55391-1693 TCF Reports Quarterly Net Income of $23.6 Million,

More information

BERKSHIRE HILLS BANCORP TO ACQUIRE FIVE INSURANCE AGENCIES ANNOUNCES PLANNED STOCK OFFERING

BERKSHIRE HILLS BANCORP TO ACQUIRE FIVE INSURANCE AGENCIES ANNOUNCES PLANNED STOCK OFFERING BERKSHIRE HILLS BANCORP TO ACQUIRE FIVE INSURANCE AGENCIES ANNOUNCES PLANNED STOCK OFFERING THIRD QUARTER NET INCOME PER SHARE UP 6% TO $.57 BEFORE INVESTMENT PORTFOLIO REPOSITIONING AND LOAN LOSS ALLOWANCE

More information

Investor Presentation Acquisition of General Electric s Transportation Finance Business

Investor Presentation Acquisition of General Electric s Transportation Finance Business Investor Presentation Acquisition of General Electric s Transportation Finance Business September 10, 2015 September 10, 2015 0 Forward Looking Statements & Non-GAAP Measures Caution Regarding Forward-Looking

More information

Credit Suisse Financial Services Forum. John Shrewsberry Chief Financial Officer

Credit Suisse Financial Services Forum. John Shrewsberry Chief Financial Officer Credit Suisse Financial Services Forum John Shrewsberry Chief Financial Officer February 10, 2015 Wells Fargo vision Wells Fargo Vision We want to satisfy all our customers financial needs and help them

More information

Thomas A. Bessant, Jr. (817) 335-1100

Thomas A. Bessant, Jr. (817) 335-1100 Additional Information: Thomas A. Bessant, Jr. (817) 335-1100 For Immediate Release ********************************************************************************** CASH AMERICA FIRST QUARTER NET INCOME

More information

PRESS RELEASE Contact: Richard P. Smith For Immediate Release President & CEO (530) 898-0300 TRICO BANCSHARES ANNOUNCES QUARTERLY RESULTS

PRESS RELEASE Contact: Richard P. Smith For Immediate Release President & CEO (530) 898-0300 TRICO BANCSHARES ANNOUNCES QUARTERLY RESULTS PRESS RELEASE Contact: Richard P. Smith For Immediate Release President & CEO (530) 898-0300 TRICO BANCSHARES ANNOUNCES QUARTERLY RESULTS CHICO, Calif. (April 28, 2016) TriCo Bancshares (NASDAQ: TCBK)

More information

SLM CORPORATION SUPPLEMENTAL FINANCIAL INFORMATION FIRST QUARTER 2006 (Dollars in millions, except per share amounts, unless otherwise stated)

SLM CORPORATION SUPPLEMENTAL FINANCIAL INFORMATION FIRST QUARTER 2006 (Dollars in millions, except per share amounts, unless otherwise stated) SLM CORPORATION SUPPLEMENTAL FINANCIAL INFORMATION FIRST QUARTER 2006 (Dollars in millions, except per share amounts, unless otherwise stated) The following supplemental information should be read in connection

More information